Allen Guon

Practice Areas

Allen has more than 25 years of experience managing complex commercial insolvency matters, including Chapter 11 and Chapter 7 bankruptcy cases, federal and state equity receiverships, assignments for the benefit of creditors, UCC Article 9 sales, out-of-court workouts, and related litigation. He focuses his practice on the representation of Chapter 11 debtors, Chapter 11 and 7 trustees, and Chapter 11 plan trustees. Allen was chair of the committee that drafted the new Illinois Receivership Act, which went into effect on January 1, 2026.

He has extensive experience representing federal and state court-appointed equity receivers in both civil enforcement actions filed by the Federal Trade Commission, the Illinois Attorney General, and actions brought by private parties. In addition to his debtor, trustee, receivership, and assignee representations, Allen regularly advises prospective buyers of distressed assets, financial institutions, equipment lessors, landlords, and trade creditors in insolvency-related matters. He has successfully represented marquee clients from a broad spectrum of industries, including metals, health care, lending, manufacturing, real estate, retailing, furniture, and trucking.

Professional Memberships

American Bankruptcy Institute

Chicago Bar Association, Bankruptcy and Reorganization Committee, Former Chair; Receivership Legislation Subcommittee, Chair, 2023 – Present

Turnaround Management Association

Bankruptcy Court Liaison Committee for the Northern District of Illinois, Former Member

Education